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The differences between assistant vice presidents and managing directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become an assistant vice president, becoming a managing director takes usually requires 4-6 years. Additionally, a managing director has an average salary of $129,690, which is higher than the $125,190 average annual salary of an assistant vice president.
The top three skills for an assistant vice president include AVP, risk management and project management. The most important skills for a managing director are healthcare, portfolio, and business development.
| Assistant Vice President | Managing Director | |
| Yearly salary | $125,190 | $129,690 |
| Hourly rate | $60.19 | $62.35 |
| Growth rate | 6% | 6% |
| Number of jobs | 41,222 | 81,022 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 68% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
An assistant vice president is responsible for supporting the company's strategies and procedures for growth and development, working alongside the board executives. Assistant vice presidents should ensure that all the company's policies and legal procedures comply with all employees. They also supervise every operations department's head to ensure the smooth flow of business processes, providing additional assistance and resources as needed. Assistant vice presidents also monitor the company's expenses and sales goals to improve the business' performance and profitability.
A Managing Director oversees workflow and progress, making sure that all operations align within the company or organization's mission or set of goals. They are responsible for crafting strategies, devising effective business plans, and executing guidelines that would nurture a company's growth, and as well as to be the driving force that would direct employees to the company's objectives. Furthermore, a Managing Director must coordinate with those in a higher position, such as the members of the board.
Assistant vice presidents and managing directors have different pay scales, as shown below.
| Assistant Vice President | Managing Director | |
| Average salary | $125,190 | $129,690 |
| Salary range | Between $96,000 And $163,000 | Between $72,000 And $233,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | Rhode Island | New York |
| Best paying company | MetLife | Paul, Weiss, Rifkind, Wharton & Garrison |
| Best paying industry | Finance | Finance |
There are a few differences between an assistant vice president and a managing director in terms of educational background:
| Assistant Vice President | Managing Director | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between assistant vice presidents' and managing directors' demographics:
| Assistant Vice President | Managing Director | |
| Average age | 52 | 44 |
| Gender ratio | Male, 59.8% Female, 40.2% | Male, 73.5% Female, 26.5% |
| Race ratio | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.8% Asian, 7.6% White, 76.3% American Indian and Alaska Native, 0.6% | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 10% |